stock market

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Federal Taxes

Long-term capital gains tax rates (2025):

  • 0% for income up to $44,625 (single filer).
  • 15% for income between $44,626 and $492,300.

California State Taxes

California does not have a separate tax rate for capital gains; they’re taxed as regular income.

2025 California income tax brackets (estimated, based on recent years):

  • For income up to $10,099 (single filer), the tax rate is 1%.

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“By making its services convenient for criminals, TD Bank became one,” U.S. Attorney General Merrick Garland said. “Today, TD Bank also became the largest bank in U.S. history to plead guilty to Bank Secrecy Act program failures, and the first U.S. bank in history to plead guilty to conspiracy to commit money laundering.”

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Roaring Kitty Live Stream – June 7, 2024

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“The performance of a trader’s portfolio is linked to the investment decisions made, which are in turn affected by the trader’s emotions, subjective inclinations and mental processes. Investment decisions may be arrived at through the use of fundamental analysis, involving use of data from a company’s financial statements and regulatory filings, along with data on economic conditions. Alternatively, technical analysis, may be employed for decision making, involving the use of historical market price and volume data. Regardless of the type of data used, biases (subjective prejudices), and heuristics (unconscious mental shortcuts and patterns), can affect an individual’s collection and interpretation of data. This can impact decision making and result in errors in judgement, potentially leading to suboptimal portfolio performance.”

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The law of demand posits that as prices rise for a given resource, product, or commodity, demand declines; conversely, as prices fall, demand increases. On the supply side, the law posits that as price rises, producers supply more of a resource, product, or commodity; as prices fall, so does supply.

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“The first rule of a happy life is low expectations. That’s one you can easily arrange. And if you have unrealistic expectations, you’re going to be miserable all your life.”

— Charlie Munger